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Well that goes back to one of my first comments, Swingman, it depends whether one is a short trader, day-trader, long-term investor or something in between and what strategies are. I and others could have chosen to ride the wave and sell lower price purchased shares at 90p and then choose to get back in as it were on the drop; but that requires a certain type of courage and predictive confidence, where as holding for the long-term rides out those peaks and troughs.

I guess I take the glass half-full view that the share price is still massively improved from the last year or so of pain.

Why sad? The SP is over double the recent lows reflecting the good news that has been published in RNS and has attracted traders who like to play games which introduces volatility. To my novice eyes this is now following an expected pattern for the breakout and has had the benefit of attracting attention and volume, which will bring some volatility. What is sad about that?

@cureboy, I am a novice so please educate me if I have misinterpreted something?

I agree with your sentiment Troublesome - that was what I was getting at in a long-winded way with 20:20 hindsight. I've always said predictions are hard hence I didn't do any sell/buy with my holding just riding the roller-coaster hopefully up to where it should be.

I agree Dibs61, I warned at 09:56 today that now was the time when people needed to be careful and know their strategies. And Bilbo posted about removing emotion from the response to a rise or drop.

Momentum theory I've been reading up on since the last little breakout, implies to me that it had to pull back eventually, may even re-trace a little bit lower depending where support is and will then trend back up above the peak. We shall see what happens. Perhaps I will get the chance to learn on this share as I'd been hoping. I just didn't recognise the peak reverse. Not that it matters as the important thing to me, is that the down-trend has been broken off the back of the 4 RNS and the market has now come to see the value here, we are still over 40p up on the recent low or 250+%. Now we should hopefully see a more steady sustained rise back towards the 90s maybe over the next couple of weeks. Obviously if some more news comes out then that might change.

I'd watch out for the usual suspect suddenly appearing and spouting drivel though.

Indeed, I love watching natural history programs, go to bed the savannah is full of wildebeest come morning - deserted. When the herd moves and all that.

@seaangler, maybe you should have held your nerve? Why I know I don't have the temperament for doing it.

More than 8.5% of float has changed hands over 4 days - if there is one single buyer behind the scenes (and assuming at least half is shorters, day-traders, private investors topping up, profit taking etc) then one would assume that the single buyer must be close to or over the 3% reporting threshold to ITM, I guess watch this space...

Last time 19m shares changed hands was 25th November when the 35p support was breached...

Lol, I did a little bit of day trading in the early days and decided I didn't have the temperament for it at the time, too easy to be sucked in to buying or selling too soon instead of holding nerve.

Good luck Kamakiriad, my toe in the water was £.3.36 back in January 2022, been 3.5 long years since. As Lucky says, a real mind job to hold nerve and pick up further tranches at lower prices. There was value at £3 we both saw, no reason it can't get back there and to what we originally saw in good time.

Strangely, isn't this the time when our resident font of all knowledge should be coming in and urging all to "Proceed with Caution"?

The chart has gone vertical and what goes up can come down just as fast for reasons none can ever fathom as it is sentiment. As Bilbo says, know your strategy and the point you will act on it. Whatever it is, buy, sell or hold.

@Taverham, I will catch it later, thank you. I was in a ticketmaster queue to get tickets for Def Leppard at Radio2 in September. My absolute favourite band ,of the 80s. Priorities, heh.

It is Wildebeest @Bilbo

Eastwood, do you think it is safe to say the herd has arrived now?

It is, isn't it.

So much for any resistance at 81p - I'll get my coat I think.

Thank you Bilbo, you really are very perceptive.

Thanks Sharesport, I agree very cloudy. One might almost say bordering on market manipulation. I do hope their papertrail is in order and they don't attract the attention of a good lawyer wanting to make a case about acting in concert...

Thanks Taverham, I will check it out.

To those who have a better grasp of these things than me. I'm seeking to improve my understanding.

I know that hedge funds hold long and short positions to hedge their positions, the clue is in the name. Normally a hedge would be in a different share in a company or sector that can be hoped to improve if another company/sector did poorly but can be in the same company. If in the same company, a net short position is what has to be reported to FCA once it exceeds the relevant thresholds, that is, the total of short position minus long position held by the person. How can a declared short cover the position without declaring the improved net position? The only way I can think of, would be to have bought options to buy at a certain (higher) price as the share price fell. Now can always decline to take up those options and lose the investment on the option but if exercised the option, the net short would have to be revised. What am I missing?

Yes, I'd started looking at how to put that into practice with other shares, I posted about Momentum Theory a few days ago. Always good to learn new things and I was planning on looking at the practical application of the theory on this sp but I don't think I can now.